Best Platform Indices
The Best Platform is the MT4 platform. This is one of the most common software which is used by almost every other trader as well as by almost every online broker.
In this lesson we shall explain the MetaTrader 4 Interface so that beginner traders wanting to start learning this Best Platform Indices, can then start from the guide.
Best Platform Stock Indices - MT4 Workspace
Form the above screenshot of the this software there are several tool bars as well as chart window.
You can download this Best Platform Indices from your online broker's site. Now after you download it, then you'll need to learn one or two things about this platform:
First thing is how to setup this platform after you download. For example if you download the MetaTrader 4 platform, you will need to go to a online broker first, register for a demo trade account then after you sign up for a practice trading account you'll be provided with a link where to download MT4 Software.
Once you download this software, assuming you do not know much about PC Desktop computers, Open your Browser >>> Navigate to tools at top left corner of your web browser next to 'file', 'edit', 'view' and click on tools, select download folder place, (shortcut: once you as a trader launch your browser click on CTRL+J or CTRL+ Y), a download pop-up will pop-up with links to downloaded items. Select MT4 software that you have just downloaded.
Installing MT4 Software
To setup this platform after you've downloaded, launch the download from where you downloaded, from there an installation pop up wizard pops up & all you've to do is to follow the setup instructions. After setup the software will run automatically just like any other software. Read tutorial How to install MetaTrader 4. This platform is easy to setup & this is another reason why this software is the Best Platform Indices.
You can open MT4 from the begin menu>>> Programs or from desktop short cut that appears as a desktop icon marked MetaTrader 4 after setup.
Demo Account Registering and Log-in
To open an account in MT4 just click on 'file' & then on open an account, to log in to an account just click on 'file' at the top right corner and click login from the drop down menu that appears.
Once youlogin to the MT4 you'll get access to charts & other technical analysis tools such as indicators that you will then use to place trades within the market while connected to your online broker's servers.
Indices Software Menu Bar & Tool-Bars
Menu Bar on Meta Trader 4 for Navigating within the Platform - Best software
Menu bar is used to operate & navigate this software from one panel. From this panel you can set how to view tool bars, chart, data window & even use the file tab to open a account - and also sign in to your trading account. This menu bar makes this platform easy to operate and this is also why this is Best Platform for beginner traders.
From menu bar you can click the view tab and select chart tool bars like in the above screenshot, these menu bars can be used to setup charts, indicators, time frames, and others things like drawing trendlines & Fibonacci retracement zones & Fibonacci expansion levels. To learn how to customize this software go to this MT4 Tutorial Section.
Now that we have looked at the tool bar & menu bar, we shall look at the main work-space interface of the Meta Trader 4 software.
Best Platform Stock Indices - MT4 Best Platform Indices
Market Watch panel - This window is used to show a stream of the exchange rates that's obtained from your broker. In this market watch window panel you can right click anywhere on this panel to choose show all trading financial instruments or hide the ones you are not interested in & save some band-width at the same time. No need to have prices for 50 trading instruments if you're only interested in 4 instruments. This make this platform easy to use with any internet connectivity another reason why this is the Best Platform Indices.
Data Window Interface - Used to setup Stock Indicators, Expert-Advisors & scripts, you can click any of this menu sub items & expand/collapse the technical indicators or Expert-Advisors used for automated trading.
Charts Panel - This is where the price moves will be drawn.
Charts Tab - Navigation from one instrument to another is easy, just flip through the charts tab as illustrated above.
Terminal Window Panel - This panel is used to show a statement of your trade transactions, profits and loses that you have made in your live account or demo trade account. To enlarge this window and view open trades, just hover the mouse on terminal panel tool-bar until the cursor pointer changes, click and hold down mouse button and then move cursor pointer upward.
Connection bars - These are used to show the connection to net, red bars mean no net connection, green bars show there's internet connectivity.
Exchange Rates Graph - this shows the exchange rates for stock indices that you are trading so that to display if the exchange rate is going upward or downward.
Advantages of MetaTrader 4
In the online market there are many softwares available on the internet. But among the top trading softwares the Best Platform is the MetaTrader 4 Stock Software, it is the best software because of the following reasons:
Low Band-width Connection Requirement
Not everyone can afford to pay for the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't freely available to some residential areas and may be limited to office buildings. This is why it's best to choose a software which requires the minimum bandwidth, MT4 software platform. Even with the best connection, sometimes the connection may not be available & you might need to use an alternative connection like the dial up or modem. MetaTrader 4 is the least expensive if you are on a modem. To even reduce further the internet bandwidth usage navigate to market watch (Shortcut Key press CTRL+M), Right-Click on any trading instrument, Select 'Hide all', now the software only will stream the price quotes for pairs which you only need & save your internet band-width even further. Especially when using a phone or i Pad or Tablet where you are paying for data plan credit this can save your internet credit. This is one of the reason why MetaTrader 4 is considered as one of the Best Software online.
The easier it is to connect the easier it's open & close trades on time.
Provided by all Brokers
Another reason why this software is considered as one of the Best Platform is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a trader learns the MT4 there is no need to re-learn when you switch to another broker. You can still use same MT4 software of the new broker without need to learn a new software all over again.
Easy Technical Analysis
The other thing that makes this the Best Platform is the ease with which you can set up the technical analysis indicators on the charts. Even those using various web traders will do their technical analysis in MetaTrader 4 chart & then place their orders on their web trader.
Technical analysis traders also can setup custom indicators on this platform, making it easier to add more technical analysis tools onto this platform. Others also install Automated Expert Advisors on this platform so as to trade automatically with these programs referred to as automated Expert Advisor Bots.
Best Charts
The MetaTrader 4 has the Best Platform charts representations available & implements many chart time-frames from which a can choose.
Simplicity
Overall the simplicity of this software & the fact that any investor can learn how to use MetaTrader 4 within one hour makes this the Best Platform for new and experienced stock traders.
